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Min 06/26/19331�32 Wichita Falls, Texas Memorial Auditorium Building June 26, 1933 The Board of Aldermen of the City'of Wichita Falls met in regular session on the above date with the following members present: Walter Nelson, Jr., Mayor George D. Fox, Z Raymond M. Myers, X J. N. Prothro, X Aldermen Leon L. Deaton, I J. S. Bridwell, X V. R. Smitham, City Manager W. E. McBroom, City Clerk Thelbert Martin, City Attorney The r4inutes of the previous meeting were read and approved. The public hearing with reference to the application for a permit to erect a gasoline service station at the corner of Tenth and Broad Streets was called and after hearing no protests the following motion was put in order: Moved by Alderman Deaton that a permit be granted to Mrs. Mattie Foweler for the erection and operation of a gasoline service station at the corner of Tenth and Broad Streets. Motion seconded by Alderman Bridwell and carried. The following recommendation from the City Manager was read by the Mayor: Honorable Mayor & Board of Aldermen: Agreeable to instructions from your Honorable Body I have made a careful study of the report of a municipal light and power system for the City of Wichita Falls submitted by Montgomery & Ward, Consulting Engineers. The report is comprehensive and contains all the information required. The unit prices used to determine the estimated cost of the project are those quoted by the manufacturers for estimating purposes only, and I am reasonably sure that compet- itive bids on all equipment, material, and supplies purchased would reduce the estimated cost. of $2,309,409.00 at least 20%. In spite of liberal allowances throughout the report, including city and school taxes, replacement reserve, etc, it is clearly shown that the plant would permit material reduction in rates to which the consumers are entitled, pay itself out in twenty years, and allow an annual chntingent fund of $$60,000,00. Of the 8904 consumers inside the city limits 80d/ would receive from 20% to 28% reduction. 1233 In view of the fact that negotiations with the officials of the Texas Electric Service Company have failed to result in a satis- factory reduction in rates, the Council, through its special committee, having been recently informed that the Texas Electric Service Company had no proposal to offer„ I rem ectfully recommend that the City pro- ceed immediately to install an electric light ani power plant and system, the initial installation not to cost: more than $500,000.00. To carry out this recommendation I request that the Board of Aldermen immediately call an election to be held within forty five (45) days to determine whether ornot the voters of this city favor the erect of such a plant, the cost of which is to be paid with revenue from the plant and never to be paid by taxes direct or indirect. That I be authorized to begin immediately to solicit custom for such municipal plant, if installed. I am firmly convinced that immediate action should be taken and that if the people of the City of Wichita Falls are to have any relief whatever from excessive charges for electric light and power, that we must take the steps recommended above without further delay." After discussing the proposition submitted by the City Manager officials of the Texas Electric Service Company who were present requested that further rate negotiations be resumed. Moved by Alderman Myers that the report of Montgomery & Ward, Engineers, with reference to the erection of a municipal light and power plant be withheld from the officials of the Texas Electric Service Company at this time. Motion seconded by Alderman Bridwell and carried. Moved by Alderman Deaton that the meeting be adjourned until Friday at 9:00 A. M. for the purpose of meeting with the officials of the Texas Electric Service Company with reference to a demand by the City for lower light and power rates. Motion seconded by Alderman Fox and carried. The Board of Aldermen then adjourned. READ AND APPROVED this the loth day of July 1933. Mayor ATTEST: Ci VLCOe